According to several figures who have been tracking the past 100 days of Biden’s presidency, President Joe Biden has declared war on American small businesses.
Small businesses that survived the Covid-19 lockdowns now have to contend with a hostile administration. To make matters worse, Biden recently announced plans for a massive tax increase that will slam small businesses.
Small businesses are responsible for two-thirds of new job creation in the economy, and without them, the job market is dominated by large multi-natural corporations.
Nicole Wolter, president and CEO of HM Manufacturing Company, said that “When you’re talking about raising the corporate tax to just this astronomical number, it is only going to worse than for small business,” Wolter said. “I just don’t understand why we are constantly at war with small businesses, you know, they never go after the fortune 500 corporations.”
President Biden and the Democrat Party have once again shown that they have no interest in actually going after large corporations. Without opposition from Republicans, Biden would crush small businesses.
Former President Trump warned that Biden would be terrible for business, and that warning has aged well. Biden has over three years of his term left, and it is looking like the war on small businesses will be a long grinding affair, and it will cost many Americans their livelihoods.
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